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Dec 12, 2012
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., stepped up efforts to avoid the fiscal cliff. >> the speaker and minority leader took the fight over the cliff to the house floor today. abc 7 news mark matthews joins us now with more on this. >> there is an inside game and outside game. right now, they and their supporters are showing us only outside game. john boehner says the president is not serious about putting -- cutting spending. >> we're waiting for the white house to identify what cuts of president is willingóñ'÷ to make as part of the approach that he promised. pelosi challenging republicans to extend tax cuts for middle class. >> we've been calling upon the speaker to bring forth middle income tax cut now for a long time. in fact, since last summer. >> the white house pushed back pointing to the 250 page budget. >> it's the issue is where are your proposals i think we've answer that had question in full.)zqxÑ >> to which they responded that if the president gets what he wants he's putting the country a trillion in debt. >> it's something we cannot let him to do owe our count zpri our children. >> look closely. the pl
., stepped up efforts to avoid the fiscal cliff. >> the speaker and minority leader took the fight over the cliff to the house floor today. abc 7 news mark matthews joins us now with more on this. >> there is an inside game and outside game. right now, they and their supporters are showing us only outside game. john boehner says the president is not serious about putting -- cutting spending. >> we're waiting for the white house to identify what cuts of president is...
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Dec 2, 2012
12/12
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we only have less than a month before the so-called fiscal cliff and house speaker boehner said congressional republicans are "nowhere in talks with the white house." they are trying. good morning. i'm jamie colby. great to have you here. welcome to america's news headquarters. >> eric: i'm eric shawn. good morning. in an exclusive interview with "fox news sunday," speaker boehner says negotiations are at a standstill. this is as treasury secretary tim geithner says the president is ready for what he calls difficult concessions. mr. boehner says he was flabbergasted at the white house stance on what they say needs to be done. peter doocy has details this morning on the latest developments from washington. good morning, peter. >> good morning, eric. spieger boehner said negotiations are nowhere, period and he called treasury secretary tim geithner's presentation of the white house proposal to avoid the fiscal cliff earlier in week "nonserious." >> i was flabbergasted. i lookedded a him like you can't be serious. i've just never seen anything like it. you know we have seven weeks between electi
we only have less than a month before the so-called fiscal cliff and house speaker boehner said congressional republicans are "nowhere in talks with the white house." they are trying. good morning. i'm jamie colby. great to have you here. welcome to america's news headquarters. >> eric: i'm eric shawn. good morning. in an exclusive interview with "fox news sunday," speaker boehner says negotiations are at a standstill. this is as treasury secretary tim geithner says...
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Nov 19, 2012
11/12
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they're optimistic about reaching a deal to avoid the so-called fiscal cliff. now house speaker nancy pelosi says she won't budge when it comes to tax cuts for the wealthy. that puts her at odds with john boehner. >> could you accept a deal that does not include tax rate increases for the wealthy? we've seen talk about a possible compromise that would leave rates the same but tax deductions for high income earners. is that something that's acceptable? >> no. >> not at all. >> the president made it clear in his campaign that there are not enough resources. what you described is a formula and a blueprint for hampering a future. you cannot go forward -- you have to cut some investments. if you cut too many, you are hampering growth, you are hampering education and investments in the future. >> even thousands of miles away it appears president obama is still focused on negotiations. while touring a royal monastery with secretary of state clinton the president was overheard mentioning the budget talks to a monk. the president later clarified his comments at a news c
they're optimistic about reaching a deal to avoid the so-called fiscal cliff. now house speaker nancy pelosi says she won't budge when it comes to tax cuts for the wealthy. that puts her at odds with john boehner. >> could you accept a deal that does not include tax rate increases for the wealthy? we've seen talk about a possible compromise that would leave rates the same but tax deductions for high income earners. is that something that's acceptable? >> no. >> not at all....
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Jun 10, 2012
06/12
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cliff. yet, your long-term outlook, cbo's long-term outlook, which we are discussing today, also confirms that continuing to do business as usual, extending all current tax and spending policies, will produce unsustainable deficits and debt, which will also hurt the economy in the long run. taken together are the two cbo reports that reinforced the fact that congress must adopt a two- track strategy of, one, acting now to boost our fragile economy and helping put more americans back to work, and number two, acting now to put in place a balanced approach to long-term deficit reduction that does not take resources out of the economy in the near term. this is the opposite approach of those who advocate for immediate, steep austerity measures, the type of measures that have been pushed by some of our european partners, like the u.k., and put them back into a recession. on the first step, putting americans back to work, we need to enact the president's jobs plan that the white house send to the c
cliff. yet, your long-term outlook, cbo's long-term outlook, which we are discussing today, also confirms that continuing to do business as usual, extending all current tax and spending policies, will produce unsustainable deficits and debt, which will also hurt the economy in the long run. taken together are the two cbo reports that reinforced the fact that congress must adopt a two- track strategy of, one, acting now to boost our fragile economy and helping put more americans back to work,...
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Dec 12, 2012
12/12
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. >>> meanwhile, as the "fiscal cliff" deadline approaches, indications that the president and house speaker john boehner are reportedly talking again, at least by telephone. among the proposals, the white house may agree to less tax revenue but the speaker still wants to see what cuts the president will make. but publicly, neither side is giving anything away. >> we're still waiting for the white house to identify what spending cuts the president is willing to make as part of balanced approach that he promised americans. >> what is required is, you know, agreement by republicans to some specific revenues that includes raising rates. >> there is no indication that the president will compromise on taxes on the wealthy going up. >>> a soon-to-open bay area restaurant is wondering where are all the workers? black bear diner is set to open a restaurant in emeryville next month. the owners have been holding job fairs to fill the more than 100 positions. but so far, they say, the turnout has been unexpectedly low. >> totally different response than what we expected and like i sad, just wha
. >>> meanwhile, as the "fiscal cliff" deadline approaches, indications that the president and house speaker john boehner are reportedly talking again, at least by telephone. among the proposals, the white house may agree to less tax revenue but the speaker still wants to see what cuts the president will make. but publicly, neither side is giving anything away. >> we're still waiting for the white house to identify what spending cuts the president is willing to make as...
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Dec 12, 2012
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cliff." the president and house speaker john boehner talked on the phone last night. the white house lowered the amount of revenue it wants to generate from taxes. republicans say they are still waiting to hear from the president about spending cuts. >>> today the federal reserve is expected to announce a revamped bond buying plan to help boost the economy. the fed's goal is to keep interest rates low and encourage individuals and companies to borrow and spend. experts say that could at least soften the blow from tax increases and spending cuts that will all kick in next month if they don't reach a budget deal. >>> a san francisco-based bank loses its top spot as far as keeping its customers happy. wells fargo has slipped to second place behind jpmorgan chase when it comes to customer satisfaction among big banks. it's the first time in a decade that wells fargo has not ranked number one in the american customer satisfaction index. bank of america's rating is also down to a ten-year low. >>>
cliff." the president and house speaker john boehner talked on the phone last night. the white house lowered the amount of revenue it wants to generate from taxes. republicans say they are still waiting to hear from the president about spending cuts. >>> today the federal reserve is expected to announce a revamped bond buying plan to help boost the economy. the fed's goal is to keep interest rates low and encourage individuals and companies to borrow and spend. experts say that...
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Nov 16, 2012
11/12
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cliff. is speaker boehner ready to make a deal anytime soon? >>> plus, major news for big business. the justice department hits bp with the biggest criminal penalty ever assessed on a corporation for the 2010 gulf oil spill. >>> and so much for the ideas that twinkies last forever. bankruptcy breaks a big-time baker. >>> good morning from washington. it's friday, november 16, 2012. this is "the daily rundown." i'm luke russert in for chuck todd who hasn't worked hard enough at all this entire election campaign, he's now going to asia to cover the president's trip. former cia director david petraeus will testify in the benghazi attacks before the senate intelligence committee. he just wrapped up testifying on the house side. petraeus' questioning comes as he now finds himself under investigation by the agency he once led. acting director michael morell has ordered the inspector general to investigate whether he used agency resources including security details, private jets, and special accomm
cliff. is speaker boehner ready to make a deal anytime soon? >>> plus, major news for big business. the justice department hits bp with the biggest criminal penalty ever assessed on a corporation for the 2010 gulf oil spill. >>> and so much for the ideas that twinkies last forever. bankruptcy breaks a big-time baker. >>> good morning from washington. it's friday, november 16, 2012. this is "the daily rundown." i'm luke russert in for chuck todd who hasn't...
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Dec 17, 2012
12/12
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plus, the speaker of the house offers up a proposal to avert the fiscal cliff and it includes higher taxes for some americans. hello, i'm alex trebek. for over 10 years now, i've been representing the colonial penn life insurance company and i'm here today to talk with some of their insurance representatives about their guaranteed acceptance life insurance. that was a really good point. hi, alex. hi, everyone. i thought it'd be interesting to hear from you what your customers say are some of the things they like best about colonial penn's whole life insurance. who's gonna start? well, it's guaranteed acceptance for people over age 50. they don't have to take a physical or answer any health questions. and it gives them peace of mind knowing that their family has some insurance to help cover funeral costs. and other final expenses. great point, and that's something everybody needs to plan for, especially in this economy. it costs just $9.95 a month per unit. it's an affordable way to provide protection for loved ones. yes, and that rate never goes up. and their coverage never goes down
plus, the speaker of the house offers up a proposal to avert the fiscal cliff and it includes higher taxes for some americans. hello, i'm alex trebek. for over 10 years now, i've been representing the colonial penn life insurance company and i'm here today to talk with some of their insurance representatives about their guaranteed acceptance life insurance. that was a really good point. hi, alex. hi, everyone. i thought it'd be interesting to hear from you what your customers say are some of...
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Dec 19, 2012
12/12
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KRON
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cliff. >> the speaker present the president with a plan that would raise taxes on americans earning more than $1 million. >> not the 250,000 the present as a close. >> the house responded with a proposal for tax increases on those making more than 400,000 so some common ground they had been found on tax increases. >> and spending cuts the sides are far apart with the public is demanding greater cost so secure in medicare than the democrats seem willing to give for now. >> the bay area favorite way to bring in the new year is always with kron 4. >> we will bring you the biggest partisan as fireworks. >> they will all be on kron fours mocked new year's eve live show hosted by catherine heenan and gary radnich see you >> here is a live look at our mt. tam camera. it is 5:30 a.m.. it is cold out there, really really cold. >> it's so cold that director paul has a hat on. temperatures right now and hayward at 34 degrees. the wind chill feels like it is 30. mountain view 30 have monday and the 30's. palo alto 30's. now but is at 29 degrees. but isn't on the north bay because that is where
cliff. >> the speaker present the president with a plan that would raise taxes on americans earning more than $1 million. >> not the 250,000 the present as a close. >> the house responded with a proposal for tax increases on those making more than 400,000 so some common ground they had been found on tax increases. >> and spending cuts the sides are far apart with the public is demanding greater cost so secure in medicare than the democrats seem willing to give for now....
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Dec 12, 2012
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cliff." >> i was born with the glass half full. i remain the most optimistic person in this town. but we have some serious differences. >> they have work to do. president obama, house speaker john boehner spoke by phone last night after republicans sent a new deal offer but senate majority leader harry reid isn't very happy about the discussion on the senate floor this morning. reid compared the back and forth between the gop leaders and the white house to the peanuts comic strike where charlie brown tries to kick the football that keeps getting yanked away. >> we are not going to fall for that again. the american people aren't going to be under the illusion that the republicans are sometime in the future going to come up with revenue. they are going to come up with raising the rates or, madam president, we are going over the cliff. >> well, if congress and the white house can't team up and reach a deal by new year's eve, automatic tax hikes and steep spending cuts will take effect which could send the united states back into reces
cliff." >> i was born with the glass half full. i remain the most optimistic person in this town. but we have some serious differences. >> they have work to do. president obama, house speaker john boehner spoke by phone last night after republicans sent a new deal offer but senate majority leader harry reid isn't very happy about the discussion on the senate floor this morning. reid compared the back and forth between the gop leaders and the white house to the peanuts comic...
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Dec 12, 2012
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there is word of possible progress in the fiscal cliff standoff. officials say president obama and the house speaker john boehner talked by phone tonight after each put new offers on the table. we are live in d.c. with the late breaking details on that. plus, we're getting more new reports from portland, oregon where there has been a series of shootings at the clackman's center mall. we can now report that multiple witnesses are saying to multiple television stations that a gunman had a rifle that more than 60 shots were fired and this is new. he was trussed in camo and wearing a mask and to the best of our knowledge, he is still in there somewhere. continuing breaking news coverage after this. ory keeps c. ory keeps c. so i'm not listening... to anyone but myself. i know better nutrition when i see it: great grains. great grains cereal starts whole and stays whole. see the seam? more processed flakes look nothing like naturalrains. you can't argue with nutrition you can see. great grains. search great grains and see for yourself. for multi grain f
there is word of possible progress in the fiscal cliff standoff. officials say president obama and the house speaker john boehner talked by phone tonight after each put new offers on the table. we are live in d.c. with the late breaking details on that. plus, we're getting more new reports from portland, oregon where there has been a series of shootings at the clackman's center mall. we can now report that multiple witnesses are saying to multiple television stations that a gunman had a rifle...
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Dec 12, 2012
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from going over the so-called fiscal cliff. house republicans meeting right now and we expect to hear from the house speaker at the top of the hour. dana bash, capitol hill, following the negotiations. how many times have i said fiscal cliff over the past couple months, i can't even, if i had a nickel for every time i'd be a wealthy man. >> we'd be able to avert the fiscal cliff. >> exactly, very good, so much more clever and quicker than i am. dana good morning. the president and the house speaker offered new proposals. what do you know about them, if anything? >> reporter: you know, they're being very, very careful, they're holding their cards close to the vest, which i think you know as a reporter is frustrating but as somebody who certainly wants to get, to see this solved, that that is a completely nonpart son thing to say. it maybe is a good sign, because both sides are being very careful not to let the cat out of the bag on some of the specifics because they don't want the process to blow up even before it really starts
from going over the so-called fiscal cliff. house republicans meeting right now and we expect to hear from the house speaker at the top of the hour. dana bash, capitol hill, following the negotiations. how many times have i said fiscal cliff over the past couple months, i can't even, if i had a nickel for every time i'd be a wealthy man. >> we'd be able to avert the fiscal cliff. >> exactly, very good, so much more clever and quicker than i am. dana good morning. the president and...
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Dec 18, 2012
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. >> house speaker john boehner met with republicans this morning to discuss fiscal cliff proposal. also began work on a so-called plan b to prevent a tax increase in case he does not reach a deal with the white house before january 1st. >> our plan b would protect american taxpayers who make a million dollars or less. >> the white house quickly rejected the back up proposal. >> the plan b that's been put out there achieves nothing. lose hundreds of billions of dollars of revenue. >> the president initially insisted on letting tax cuts expire for households making $250,000 or more. the new counter proposal raises that to $400,000. and for the first time, the president is willing to accept some reduction in future cost of living benefit increases for social security recipients. >> in addition to negotiations with the president, john boehner has another challenge convincing gop conservatives to accept any increases in income taxes. >> many republicans believe tax increases will hurt small businesses. pedro owns a company that installs voice and data networks. he's willing to pay highe
. >> house speaker john boehner met with republicans this morning to discuss fiscal cliff proposal. also began work on a so-called plan b to prevent a tax increase in case he does not reach a deal with the white house before january 1st. >> our plan b would protect american taxpayers who make a million dollars or less. >> the white house quickly rejected the back up proposal. >> the plan b that's been put out there achieves nothing. lose hundreds of billions of dollars...
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Dec 12, 2012
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proposals how to avoid the looming fiscal cliff. both sides are feeling the pressure from the nation's top corporate executives. 150 ceos including the heads of boing, honeywell and general electric. they're urging a compromise that includes increased revenue even if it means raising tax rates. more de tails now according to the non-partisan tax foundation the average family of four in the bay area would pay about $74 hun more in taxes if there is no deal on the fiscal cliff. that is a tad lower in san jose. if democrats and republicans don't reach an agreement by the end of this year. >>> on wall street stocks rose for a fifth consecutive day. the dow industrial gained 78 points, nasdaq gained 35 led by apple's 2% gain. >>> some immigrant students could soon have their dreams of a college education become reality thanks to a big gift to uc berkeley. today uc berkeley announced a $1 million gift to provide scholarships for low-income, undocumented students. the students qualify for state financial aid but not federal grants or loans
proposals how to avoid the looming fiscal cliff. both sides are feeling the pressure from the nation's top corporate executives. 150 ceos including the heads of boing, honeywell and general electric. they're urging a compromise that includes increased revenue even if it means raising tax rates. more de tails now according to the non-partisan tax foundation the average family of four in the bay area would pay about $74 hun more in taxes if there is no deal on the fiscal cliff. that is a tad...
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. >>> and with america less than two months from hitting the fiscal cliff, house speaker john boehner says don't expect a permanent fix from this lame duck congress. in an exclusive interview with cnn, speaker boehner says the best we can hope for is something temporary. >> lame duck congresses aren't known for doing big things. and lame duck congresses probably shouldn't do big things. so i think the best you can hope for is some kind of a bridge. some kind of a temporary push back of the sequester and then we have the debt limit right behind it in february. so i would think that will be the best you could hope for. and even that is going to be very difficult to do. >> congress faces an end of the year deadline before spending cuts kick in and tax breaks begin to expire. sunday night football action. the atlanta falcons beat the dallas cowboys 19-13. atlanta is now the only undefeated team in the nfl. and they did it the hard way on the strength of four field goals from matt bryant. >>> coming up, husrricane sandy could have a big effect on election day. we'll take you to a high scho
. >>> and with america less than two months from hitting the fiscal cliff, house speaker john boehner says don't expect a permanent fix from this lame duck congress. in an exclusive interview with cnn, speaker boehner says the best we can hope for is something temporary. >> lame duck congresses aren't known for doing big things. and lame duck congresses probably shouldn't do big things. so i think the best you can hope for is some kind of a bridge. some kind of a temporary push...
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Dec 13, 2012
12/12
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we begin this morning with the negotiations to avert the so-called fiscal cliff. so far this week, president obama and house speaker john boehner have spoken twice. boehner says differences remain and he's told lawmakers not to make plans for the week after christmas, which means we'll probably be here, too, including susan mcginnis in washington this morning with the latest. susan, good morning to you. >> hi. good morning, terrell. as the white house continue to fail at coming to a conclusion on the budget, this fiscal cliff is not waiting for the end of the year. it's affecting america today. well, even santa claus is upset. santa claus showed up on capitol hill wednesday, urging congress and the white house to strike a deal to avoid the looming fiscal cliff before christmas. >> it's discouraging that our elected leadership in congress can't come together to get the job done for the american people. >> reporter: both sides say it's putting a damper on the holidays. >> i think it's going to be extremely difficult to get it done before christmas. ? . >> in anticip
we begin this morning with the negotiations to avert the so-called fiscal cliff. so far this week, president obama and house speaker john boehner have spoken twice. boehner says differences remain and he's told lawmakers not to make plans for the week after christmas, which means we'll probably be here, too, including susan mcginnis in washington this morning with the latest. susan, good morning to you. >> hi. good morning, terrell. as the white house continue to fail at coming to a...
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Dec 12, 2012
12/12
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abc 7 news at 6:00 continue >>> in washington another day and another step closer to that fiscal cliff. at this point it's hard to tell if there is any progress in the negotiations. and judging by public statements made by the speaker, it does not look good. abc 7 news mark matthews is here with word on what we're not seeing. >> yes. we heard speaker boehner called the president this evening to make a counter offer to the president's latest offer, when abc 7 news at 4:00 we talked about inside game@ú4d versus the outside gam. the out side game is played for leverage. inside is where real negotiations are taking place. >> in okay gress the american people have be scratching their heads and wondering when is the president going to get serious? >> democratic leader took the floor. >> he said he's willing to make some changes but it's important that any changes not hurt the middle class. >> the post you'ring went on this morning with only a rare glimpse the house of rep stifz empty. except for the speakers. this is the outside game talk consummation. >> it's just about post you'ring to ge
abc 7 news at 6:00 continue >>> in washington another day and another step closer to that fiscal cliff. at this point it's hard to tell if there is any progress in the negotiations. and judging by public statements made by the speaker, it does not look good. abc 7 news mark matthews is here with word on what we're not seeing. >> yes. we heard speaker boehner called the president this evening to make a counter offer to the president's latest offer, when abc 7 news at 4:00 we...
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Dec 11, 2012
12/12
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house speaker ohn boehner saying the president has to get serious about the fiscal cliff talks. dennis: rich edson with the latest from there. >> as we have been reporting, democrats and republicans are stuck on these negotiations. a few moments ago house speaker john boehner hit the floor and confirmed just that. >> i want people to know that the president and i met on sunday. it was a nice meeting, cordial but we're still waiting for the white house to identify what spending cuts the president is willing to make as part of a balanced approach to the american people. where are the president spending cuts? the longer the white house slow walk the process, the closer our economy gets to the fiscal cliff. herhere's what we do know. we know the president wants more stimulus spending and an increase in the debt limit without any cuts for reforms. that is not fixing our problem, frankly, it is making it worse. on top of that, the president wants to raise tax rates on many small-business owners. but even if we did exactly what the president wants, we would see red ink for as far as th
house speaker ohn boehner saying the president has to get serious about the fiscal cliff talks. dennis: rich edson with the latest from there. >> as we have been reporting, democrats and republicans are stuck on these negotiations. a few moments ago house speaker john boehner hit the floor and confirmed just that. >> i want people to know that the president and i met on sunday. it was a nice meeting, cordial but we're still waiting for the white house to identify what spending cuts...
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Dec 12, 2012
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the longer the white house slow walks the process, the closer our economy gets to the fiscal cliff. >> if there is one fact that should not be in dispute, it ought to be this. the president, unlike any other party to these negotiations, has put forward detailed spending cuts as well as detailed revenue proposals. >> ari, the president saying he's willing to make the tough decisions on the spending cuts if the republicans acquiesce on tax hikes. meanwhile, republicans say i need to see the spending cuts first, show me yours first, before i give you anything on the tax hike. it's this game of who's going to blink first. but it really doesn't benefit john boehner to continue this, as we see the public opinion and his brand is really taking a hit on this. >> i think so. we've seen this movie before. there's a lot of enthusiasm for vague cuts but when you have to actually decide what gets cut, even republicans blanch. the bloomberg poll out today shows 50% of republicans think that it's time to raise the taxes on the top 2% because the president has a mandate. that's just republicans. the
the longer the white house slow walks the process, the closer our economy gets to the fiscal cliff. >> if there is one fact that should not be in dispute, it ought to be this. the president, unlike any other party to these negotiations, has put forward detailed spending cuts as well as detailed revenue proposals. >> ari, the president saying he's willing to make the tough decisions on the spending cuts if the republicans acquiesce on tax hikes. meanwhile, republicans say i need to...
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Dec 29, 2012
12/12
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what speaker boehner's done is create a situation in which we're going to go over the fiscal cliff. but the people who want higher taxes, the democrats, they're not going to be blamed for it. after all, it was john boehner who walked away from negotiations to try plan "b" last week. then it was john boehner who planned to pass plan "b" that very same week. then it was mr. boehner who said it was up to the senate, someone else's problem. just from a pr perspective, what john boehner has done here is a debacle for the republicans. and the white house, they've just been sitting back the last week or so and letting it happen. but today, they gave us their plan going forward. you could call it deal and jam. >> i'm optimistic we may still be able to reach an agreement that could pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. but if an agreement isn't reached in time, between senator reid and senator mcconnell, than i will urge senator reid to bring to the floor a basic package for an up or down vote, one that protects the middle class f
what speaker boehner's done is create a situation in which we're going to go over the fiscal cliff. but the people who want higher taxes, the democrats, they're not going to be blamed for it. after all, it was john boehner who walked away from negotiations to try plan "b" last week. then it was john boehner who planned to pass plan "b" that very same week. then it was mr. boehner who said it was up to the senate, someone else's problem. just from a pr perspective, what john...
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Dec 21, 2012
12/12
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CSPAN
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he said it is now clear to protect the middle class from the fiscal cliff, speaker baena must allow a bill to pass with a combination of democratic and republican votes. speaker boehner's partisan approach with an entire weekend pushed middle-class families closer to the edge. the only way to avoid a cliff altogether is for speaker gingrich to return to negotiations, and work with president obama and the senate to forge a bipartisan deal. we continue with your phone calls. next, we go to a okeechobee, fla.. republican line. caller: good morning. i was listening to john boehner, ok, and no. 1, before i forget -- we have a president who is a bully. he is like a bully in a school yard that everyone runs from, collecting money from. the man really does not do anything. i do not know why people pay attention to him. he has not passed a budget in four years and nobody comments on that. he does not want to pass anything. he just wants to take his vacations. the problem with the republicans now, they do not have enough passion when they are speaking. the democrats and obama get out there, rei
he said it is now clear to protect the middle class from the fiscal cliff, speaker baena must allow a bill to pass with a combination of democratic and republican votes. speaker boehner's partisan approach with an entire weekend pushed middle-class families closer to the edge. the only way to avoid a cliff altogether is for speaker gingrich to return to negotiations, and work with president obama and the senate to forge a bipartisan deal. we continue with your phone calls. next, we go to a...
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Dec 5, 2012
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i asked the speaker whether that is got optics for the house to leave town while the fiscal cliff is so close in front of us and that is the answer, that he will be in town, ready, willing, and able to talk to the president at any time. so that was really the issue. the house republican leadership, i tell you, they say they simply don't have any legislation to put on the floor. that's why they are play sending their members home. they are hoping to get the message that republicans admit that they have not done a great job on. the democrats are winning the message, why is why hold the middle class americans hostage for the wealthiest americans. >> happy holidays to them. dana bash, thank you. we expect to hear soon from senate democrats as well. they are scheduled to hold a live news conference. you'll hear it right here first. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural
i asked the speaker whether that is got optics for the house to leave town while the fiscal cliff is so close in front of us and that is the answer, that he will be in town, ready, willing, and able to talk to the president at any time. so that was really the issue. the house republican leadership, i tell you, they say they simply don't have any legislation to put on the floor. that's why they are play sending their members home. they are hoping to get the message that republicans admit that...
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Dec 18, 2012
12/12
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. >>> new developments made this morning on the fiscal cliff. house speaker john boehner is offering what he calls a plan-b option. we're live in washington, d.c. to find out what exactly is this plan-b. >> reporter: house speaker john boehner took to the podium just a couple of minutes ago. he said this is a modified plan- b. we're gonna listen in right now. >> sure. that few american taxpayers are affected by the increase as possible, moving down that path is the right course of action for us. >> good morning. first, i would like to say that i think all of our hearts and prayers are with the families in newtown, connecticut. as a father, i cannot even imagine the utter horror that those families are going through right now, grieving the loss of their children -- >> we know we'll be hearing from john boehner in just minutes on the fiscal cliff negotiations. the latest we know is that he's looking at $1 trillion in revenue and $1 trillion in cuts. he and president obama are still very far apart on what should pay more in income tax rates. presid
. >>> new developments made this morning on the fiscal cliff. house speaker john boehner is offering what he calls a plan-b option. we're live in washington, d.c. to find out what exactly is this plan-b. >> reporter: house speaker john boehner took to the podium just a couple of minutes ago. he said this is a modified plan- b. we're gonna listen in right now. >> sure. that few american taxpayers are affected by the increase as possible, moving down that path is the right...
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house speaker john boehner and the president are hoping to break the fiscal cliff ice. now we're just mixing metaphors, left and right. speaking on the phone, 26 days left, of course, until we tumble over the cliff or slide down the slope or fall off the precipice or however you want to put it. we could, of course, face massive tax hikes, spending cuts. that's what the fiscal cliff is all about. it would all start with the start of the new year. i want to get to senator jeff merkley. he's a democrat from the state of oregon. he's on both the budget committee and the banking, housing, and urban affairs committee. nice to have you with us, sir. thanks for joining us. >> you're welcome. >> thank you. before we get to fiscal cliff, let's talk a little bit about syria. there are now reports that they may be loading the components that would make up sarin gas. and i'm curious to know and i think a lot of people are watching this, does this mean that we are headed, the united states is headed into military action considering what we know about the red line, if you will, that h
house speaker john boehner and the president are hoping to break the fiscal cliff ice. now we're just mixing metaphors, left and right. speaking on the phone, 26 days left, of course, until we tumble over the cliff or slide down the slope or fall off the precipice or however you want to put it. we could, of course, face massive tax hikes, spending cuts. that's what the fiscal cliff is all about. it would all start with the start of the new year. i want to get to senator jeff merkley. he's a...
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Dec 12, 2012
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speaker have a voted for. >> unless an agreement is reached, the fiscal cliff which is the combination of tax rate increases and automatic trigger budget cuts. are set to kick in at the beginning of next year. >>jacqueline: with the rainfall continue into the north bay. and over rohnert park and it is along the coast as well. as removed overnight the rainfall will start to spread the south. spotty showers tomorrow and also cool temperatures. this is bringing a blast of cold air. thurston, the morning lows will only be in the 30's and even the 20's and portions of the bay area thursday. the afternoon highs will only be in the 50s. the tail end of this system will be towards the north bay. the spot the rainfall will be towards tomorrow. how you can see by the cloud patterns that is broken and indicated by patterns of overnight hours and overnight. the futurecast through fairfield, antioch. continued pouring over the north bay. heavy rain near petaluma, vallejo. and along the san mateo coastline. as we go for the morning commute the showers will be a round. the lighter rain will persist.
speaker have a voted for. >> unless an agreement is reached, the fiscal cliff which is the combination of tax rate increases and automatic trigger budget cuts. are set to kick in at the beginning of next year. >>jacqueline: with the rainfall continue into the north bay. and over rohnert park and it is along the coast as well. as removed overnight the rainfall will start to spread the south. spotty showers tomorrow and also cool temperatures. this is bringing a blast of cold air....
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Dec 12, 2012
12/12
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they mut acaroid a fiscal cliff. they are lowering the number from $6 trillion to 1.4 trillion and house speaker john boehner offered a counterproposal yesterday. >>> gas prices keep falling here in the bay area and san francisco drivers are paying $3 and it's down 2 cents from yesterday. santa rosa drivers you are paying $3.55 per gallon and prices have dropped in the past 2:00 few months. and after that big fire in richmond, there was another scare out there and coming up, the flair that occurred and why the company said, well, it is nothing to worry about. >>> time to check back in with sal in the morning commutes, sal, how is it going? >> you may need the it, we want to show you southbound in oakland, it is a little bit slower than normal and we have not had a lot of crashes, just a little fender-benders and traffic is going to be a little bit busier and we have a 20 print delay -- 20 minute delay. this morning if you are driving on the peninsular, a lot of people are trying to get to the airport, you can use 101
they mut acaroid a fiscal cliff. they are lowering the number from $6 trillion to 1.4 trillion and house speaker john boehner offered a counterproposal yesterday. >>> gas prices keep falling here in the bay area and san francisco drivers are paying $3 and it's down 2 cents from yesterday. santa rosa drivers you are paying $3.55 per gallon and prices have dropped in the past 2:00 few months. and after that big fire in richmond, there was another scare out there and coming up, the flair...
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Dec 17, 2012
12/12
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CNNW
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it's all about the fiscal cliff, right? could washington be making strides? yesterday, a source familiar with the talks told cnn that house speaker john boehner is willing to extend the debt limit for a year. the ceiling stands at $16.4 trillion. raising it further, requires an acted of congress, something the republicans have opposed since gaining the house in 2010. that news came a day after a source said boehner had suggested higher taxes on americans with annual incomes over $1 million. higher than what the president wants. president wants higher taxes on everybody over $250,000. >> thank you very much. >>> and coming up, much more live from newtown, connecticut, where the nation looked to president obama for comfort last night. and where detectives continue to look for answers today. [ woman ] dear cat, your hair mixes with pollen and dust. i get congested. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male announcer ] zyrtec-d®. behind the
it's all about the fiscal cliff, right? could washington be making strides? yesterday, a source familiar with the talks told cnn that house speaker john boehner is willing to extend the debt limit for a year. the ceiling stands at $16.4 trillion. raising it further, requires an acted of congress, something the republicans have opposed since gaining the house in 2010. that news came a day after a source said boehner had suggested higher taxes on americans with annual incomes over $1 million....
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Dec 12, 2012
12/12
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. >>> the president and house speaker john boehner taking small steps to avoid the fiscal cliff. they spoke by phone again last night. but still doesn't appear to be any closer to a deal. >>> the governor of michigan has signed that controversial, new law which limits the influence of organized labor in the state. hundreds of union workers had protested the legislation ahead of the governor's action. michigan joins 23 other states with so-called right-to-work laws. those laws ban requirements that nonunion employees pay union dues for negotiating contracts and other services. >>> well, drug smugglers have found a pretty creative new way to get contraband into the u.s. they use a gas-powered canon to shoot dozens of cans of marijuana across the mexican border into arizona. unfortunately for them, border patrol agents got to the drugs before their buddies. they picked up 85 pounds of pot. in all, worth more than 40,000 bucks on the streets. >> they're resourceful, to say the least. >> yep. >>> time, now, for the weather from across the nation. another stormy day in florida, with he
. >>> the president and house speaker john boehner taking small steps to avoid the fiscal cliff. they spoke by phone again last night. but still doesn't appear to be any closer to a deal. >>> the governor of michigan has signed that controversial, new law which limits the influence of organized labor in the state. hundreds of union workers had protested the legislation ahead of the governor's action. michigan joins 23 other states with so-called right-to-work laws. those laws...
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Dec 12, 2012
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boehner the ongoing fiscal cliff debate. 49% approve of mr. obama's handling of the talks, 25% sue sort boehner. president obama is planning a conference call -- today with mayors and community leaders to push for his plans. the president spoke with boehner by phone yesterday about preventing an income tax increase on middle class families while finding ways to reduce the deficit. >>> pope is blessing his twitter followers in his first tweet. he sent out this tweet after 2:30 this morning: [ unintelligible ] here's video of the pope sending that tweet from vatican city he use add ipad. he has several accounts each in a different language. >>> google co-fonder larry page and his wife lucy want to make sure -- every child in the bay area who needs a flu shot gets one for free. the foundation is funding a month long program offering kids 4 to 18 the vaccine at no cost it is available now at most target pharmacies. younger children will require a booster shot, those will be free as well. show up, fill out paperwork and the kids get their shot. the
boehner the ongoing fiscal cliff debate. 49% approve of mr. obama's handling of the talks, 25% sue sort boehner. president obama is planning a conference call -- today with mayors and community leaders to push for his plans. the president spoke with boehner by phone yesterday about preventing an income tax increase on middle class families while finding ways to reduce the deficit. >>> pope is blessing his twitter followers in his first tweet. he sent out this tweet after 2:30 this...
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Dec 13, 2012
12/12
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KPIX
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cliff there is nothing today that would have cheered ram up. a are less than two weeks away from the traditional prngressional holiday break, and noe republican speaker of the house and president obama seem no closer to a budget deal. as you know, if they don't come up with a spending compromise, most americans will see a hefty tax increase automatically on january 1. major garrett is covering for us at the white house tonight. major? h reporter: scott, two senior white house officials tell us the next 48 hours are crucial. until republicans relent on raising income tax rates for households earning more than $250,000, the democrats will not discuss g.o.p. demand for cuts medicaitlement programs like te house and medicaid. this white house photo of president obama talking yesterday to house speaker john boehner does not convey the 2%se and difficult reality. the g.o.p. leader told mr. obama he wanted to permanently extend all current tax rates, including reose for the two 2% of earners. > there were some offers that conversahanged back and forth
cliff there is nothing today that would have cheered ram up. a are less than two weeks away from the traditional prngressional holiday break, and noe republican speaker of the house and president obama seem no closer to a budget deal. as you know, if they don't come up with a spending compromise, most americans will see a hefty tax increase automatically on january 1. major garrett is covering for us at the white house tonight. major? h reporter: scott, two senior white house officials tell us...
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Nov 30, 2012
11/12
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." >>> another day of fiscal cliff drama. stocks reversed early gains and fell shortly after house speaker john boehner dashed hopes that lawmakers were getting closer to agreeing on a year-end budget deal. but all three major markets did bounce back by the afternoon. >>> economic data was positive thursday, but we'll see what impact there is today from grim news out of europe. eurozone unemployment has hit another record high at 11.7% in october. >>> the number of retailers posted poor sales hammered by superstorm sandy's impact on the northeast. >>> a bankruptcy judge has given hostess final clearance to start selling off assets and approved $1.8 million in bonuses for company executives. >>> verizon wireless tops this year's "consumer reports" ranking of major carriers. it was at&t that came in last behind sprint and t-mobile, except among 4g users where it was the best. >>> and where is the best country to be born in 2013? well, when factoring in life expectancy, divorce rates and rainfall, it's switzerland, according to
." >>> another day of fiscal cliff drama. stocks reversed early gains and fell shortly after house speaker john boehner dashed hopes that lawmakers were getting closer to agreeing on a year-end budget deal. but all three major markets did bounce back by the afternoon. >>> economic data was positive thursday, but we'll see what impact there is today from grim news out of europe. eurozone unemployment has hit another record high at 11.7% in october. >>> the number...
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Dec 12, 2012
12/12
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talking again with 20 days to go until the fiscal cliff. major garrett is at the white house watching all the negotiations. major, good morning. >> reporter: well, good morning, norah, charlie, and gayle. lots of activity and where there's activity there's hope but not a lot of progress. speaker boehner and president obama talked by tell phone. i'm told the phone call did not go particularly well and they remain divided. they're going to allow business to go on until december 28th. the president remains confident a deal will get done. on monday the president gave republican as new offer, trimming his request for ten years of income tax revenue from $1.6 trillion to $1.4 trillion. he told republicans yesterday he's willing to put tax reform into the mix of negotiations. the republicans said the president is still asking for way too much in tax revenue and they always thought corporate tax reform would be part of the larger way. it's hard to come to a deal when one side officers concessions and the other side says the concessions are merely d
talking again with 20 days to go until the fiscal cliff. major garrett is at the white house watching all the negotiations. major, good morning. >> reporter: well, good morning, norah, charlie, and gayle. lots of activity and where there's activity there's hope but not a lot of progress. speaker boehner and president obama talked by tell phone. i'm told the phone call did not go particularly well and they remain divided. they're going to allow business to go on until december 28th. the...
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Dec 3, 2012
12/12
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CSPAN
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house republican leaders have made a counter offer to president obama in the fiscal cliff negotiations proposing to cut to true knowledge with a combination of spending cuts come entitlement reform, and new tax revenues. there was a three page letter signed by speaker boehner, majority leader eric cantor, and other senior republicans including representative paul ryan. and this mornings "washington journal," we heard about tax reductions and credits that would go away if the fiscal cliff passes in january. >> board or series looking into the so-called fiscal cliff, we turn our attention to deductions and tax loopholes. some of them are potentially on the chopping block. joining us from the wall street journal is don mckinnon. thanks so much for joining us today. what are the loopholes and deductions? we hear those words a lot, but what are they? guest: loopholes or tax breaks of all different sorts, and whether you like a particular loophole or not depends on where you sit, i guess. there are lots of loopholes that are deductions. deductions are those that most people are familiar with
house republican leaders have made a counter offer to president obama in the fiscal cliff negotiations proposing to cut to true knowledge with a combination of spending cuts come entitlement reform, and new tax revenues. there was a three page letter signed by speaker boehner, majority leader eric cantor, and other senior republicans including representative paul ryan. and this mornings "washington journal," we heard about tax reductions and credits that would go away if the fiscal...
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Dec 12, 2012
12/12
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president obama and house speaker john boehner talked by phone today about the so-called fiscal cliff-- those tax hikes for most americans and massive spending cuts that will kick in the first of the year unless two strike a budget deal. a republican source tells us that the president has cut his demand for more tax revenue from $1.6 trillion to $1.4 trillion, but the source said that the lower figure is no more acceptable to republicans. but the negotiations continue in private. the united states has a lot at stake in the syrian civil war. president obama has suggested that american firepower might be needed to prevent the dictatorship from using chemical weapons. we've learned that tomorrow the administration will endorse one of the rebel groups that is now fighting to overthrow bashar al- assad. who are these new american allies? clarissa ward found their leader in brussels. >> reporter: moaz al-khatib is the man chosen to lead a newly formed coalition of syria's opposition groups. what does it mean to be recognized by the u.s.? "the u.s. administration has big influence globally"
president obama and house speaker john boehner talked by phone today about the so-called fiscal cliff-- those tax hikes for most americans and massive spending cuts that will kick in the first of the year unless two strike a budget deal. a republican source tells us that the president has cut his demand for more tax revenue from $1.6 trillion to $1.4 trillion, but the source said that the lower figure is no more acceptable to republicans. but the negotiations continue in private. the united...
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Dec 12, 2012
12/12
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cliff" standoff could be decided. we'll ask former house speaker nancy pelosi where the negotiations stand today. >> plus, john miller is learning new details about the shooter at the mall outside of portland, oregon. and we'll take you to the new york's one world trade center where right now, the crews are working to raise the spire that will make it the tallest tower in the western hemisphere. those stories and more when we see you at 7:00. >> thank you. >>> two secret santas went on a shoppping spree in the east bay. walmart shoppers are still talking about the couple who handed out gifts and cash to total strangers. they paid shoppers' store bills at the register inside a livermore walmart on friday. they bought a toy sewing machine for a little girl when they heard she wanted one. >> they're nice people and giving other people stuff they can't afford. >> the walmart manager says the couple told workers they didn't want any recognition and they didn't want to be named. very generous. >>> well, if you can't dress u
cliff" standoff could be decided. we'll ask former house speaker nancy pelosi where the negotiations stand today. >> plus, john miller is learning new details about the shooter at the mall outside of portland, oregon. and we'll take you to the new york's one world trade center where right now, the crews are working to raise the spire that will make it the tallest tower in the western hemisphere. those stories and more when we see you at 7:00. >> thank you. >>> two...
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Dec 29, 2012
12/12
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what speaker boehner has done is create a situation in which we are going to go over the fiscal cliff. but the people who want higher taxes, the democrats they will not be ready for it. it was john boehner that walked away the negotiations to try plan-b and then it was mr. boehner who failed to pass the plan. and then it was mr. boehner who said it was somebody else's problem. what he has done is a debacle for the republicans. the white house has been sitting back and letting it happen. you can call it deal and jam. >> i am optimistic that we can reach an greept that can pass both houses in time. senators reed and mcconnell are working on such an agreement as we speak. but, if an agreement is not reached in time, between reed and mcconnell, i will urge senator reed to bring to the floor a basic package for an up or down vote, one that protects the middle class from an income tax hike and extends the vital life line of unemployment insurance for two million americans looking for a job and lays the groundwork for more cooperation on deficit reduction and economic growth. guys, i can hea
what speaker boehner has done is create a situation in which we are going to go over the fiscal cliff. but the people who want higher taxes, the democrats they will not be ready for it. it was john boehner that walked away the negotiations to try plan-b and then it was mr. boehner who failed to pass the plan. and then it was mr. boehner who said it was somebody else's problem. what he has done is a debacle for the republicans. the white house has been sitting back and letting it happen. you can...
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Dec 14, 2012
12/12
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FBC
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the fiscal cliff could cost john boehner his house speaker's job. john is with me, you think this is going to give him the boot. >> the most dual years, the last two years, a complete impasse. both are ruled by their extreme basis. they have 100% of anything they do in the negotiation process, you got to look at them and say somebody has to go, they both need to go. cheryl: we need to get to the end of the year, no deal with the deal and these sides can cut a deal, republicans, greater the tax hike, and they agreed to real spending cuts. they don't want to touch entitlements. >> you got to give something. they bring in $40 billion a year, deficit is number$.3 trillion. we have $2.2 trillion exactly in mandatory spending, in medicaid and social security and interest rate on the debt. we race to pentagon, and they're running a deficit we deal with entitlements. cheryl: it looks at this point the president said this over and over, he will not accept taxes, you got to tax the wealthy with those that make $250,000. how strong is the president's voice in
the fiscal cliff could cost john boehner his house speaker's job. john is with me, you think this is going to give him the boot. >> the most dual years, the last two years, a complete impasse. both are ruled by their extreme basis. they have 100% of anything they do in the negotiation process, you got to look at them and say somebody has to go, they both need to go. cheryl: we need to get to the end of the year, no deal with the deal and these sides can cut a deal, republicans, greater...
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Dec 3, 2012
12/12
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lawmakers wrestling to make a deal to keep us from going over the so-called fiscal cliff taking to the airwaves. house speaker john boehner rejecting the proposal and calling talks a waste of time and treasury secretary timothy geithner standing firm saying there will be no deal without raising taxes for top earners. a new and unusual storm system bringing inches of rain and strong winds to northern california and parts of the pacific northwest. today's round predicted to be the worst of series that have come already, bringing flooding problems in several areas, but there is more rain to come. the taliban targeting a joint u.s.-afghan base killing at least five afghans. and the gun battled lasted two hours, no americans were hurt in the attack. new developments tonight for america's strongest ally and friend in the middle east, israel. it follows last week's decision by the united nations general assembly to upgrade the palestinian status from observer entity to non-member state, a move both israel and the u.s. voted against. today, israel announcing a decision of its own, the palestin
lawmakers wrestling to make a deal to keep us from going over the so-called fiscal cliff taking to the airwaves. house speaker john boehner rejecting the proposal and calling talks a waste of time and treasury secretary timothy geithner standing firm saying there will be no deal without raising taxes for top earners. a new and unusual storm system bringing inches of rain and strong winds to northern california and parts of the pacific northwest. today's round predicted to be the worst of series...
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Dec 13, 2012
12/12
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. >>> and we want to bring you up to date on the latest on the fiscal cliff. still closing in on american families, now 20 days from today. well, today, speaker of the house john boehner said he and president obama still have serious differences and warned republicans not to make any plans for the holidays. they may be hunkering down in washington, negotiating over christmas. >>> and now, abc's barbara walters is back tonight with another exclusive interview. this time, secretary of state hillary clinton. who is about to leave office, after traveling almost a million miles to nearly 100 countries. and everyone asking, does she still dream of the presidency? barbara is here right now. barbara? >> reporter: and that is the question, diane. as hillary clinton winds down her time as secretary of state, traveling the globe, we sat down together and i asked her that question, that's on everybody's mind. what's next? what most people are asking now about you is, will you consider running for president in 2016? would you just like to make your declaration now? we coul
. >>> and we want to bring you up to date on the latest on the fiscal cliff. still closing in on american families, now 20 days from today. well, today, speaker of the house john boehner said he and president obama still have serious differences and warned republicans not to make any plans for the holidays. they may be hunkering down in washington, negotiating over christmas. >>> and now, abc's barbara walters is back tonight with another exclusive interview. this time,...
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Nov 10, 2012
11/12
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. >> it sounds like a deal to avoid that fiscal cliff of tax hikes, $3700 for the average family and massive spending cuts all possibly sending us back into recession. it sounded like a deal is possible. >> i refuse to accept any approach that isn't balanced. >> that means more tax money, raising tax rates will slow down our ability to create the jobs that everyone says they want. >>> that is the problem. the president declared the election proved that americans agree with his approach, including the rich pay more. even though the congressional budget office saying letting increase taxes for the rich could cost 200,000 jobs. >> it would be negative. i think at the end of the day, necessary to address our long term fiscal problems. >> the opening position from the republicans seems to be don't increase tax rates but get rid of some deductions to bring in more tax money. that may not be enough to keep us from going over that fiscal cliff, but that fall may be enough to force political leaders to finally do something. >> if we do nail this down, i think the economy is off and running. w
. >> it sounds like a deal to avoid that fiscal cliff of tax hikes, $3700 for the average family and massive spending cuts all possibly sending us back into recession. it sounded like a deal is possible. >> i refuse to accept any approach that isn't balanced. >> that means more tax money, raising tax rates will slow down our ability to create the jobs that everyone says they want. >>> that is the problem. the president declared the election proved that americans agree...
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Dec 18, 2012
12/12
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KRON
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fiscal cliff. the house speaker presented the new proposal to the house of representatives this morning. white house spokesman jay carney says that the house speaker proposal cannot pass the senate and that it does little to address the nation's fiscal issues. carney says that president obama is willing to continue working with the republicans to keep from going over the cliff on january 1st. >> we will be right back. >> and a reporter and his crew held for five days and syria have been freed. nbc news said its chief foreign correspondent, richard in joke, it's safe, unharmed and now out of the country. it says that they were finally free yester day in a fire fight at a checkpoint manned by rebel fighters, which they ran into is that were being mold. nbc said that while the crew was missing, there was no claim of responsibility, no contact with the capers and no request for ransom. >> hawaii's senator daniel enna-way died. he died of a respiratory complications at a washington area hospitals. the 8
fiscal cliff. the house speaker presented the new proposal to the house of representatives this morning. white house spokesman jay carney says that the house speaker proposal cannot pass the senate and that it does little to address the nation's fiscal issues. carney says that president obama is willing to continue working with the republicans to keep from going over the cliff on january 1st. >> we will be right back. >> and a reporter and his crew held for five days and syria have...
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Dec 18, 2012
12/12
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boehner to try to avoid the fiscal cliff. ed henry is live at the white house. so tell us a little bit more about plan b. what is it, ed? >> reporter: good to see you, jon. you know the president's position all along you only raise taxes on people making over $250,000. republicans said look, that will end up not just hitting individuals but a lot of small businesses. it will result in them not creating jobs, et cetera. so you hear the speaker saying look, let's have a house vote next couple days that would put the cap at basically a million dollars or more. then your taxes go up. but protect people under that million dollar range. that would, if it were to pass, would extend the bush tax rates essentially for anybody making under a million dollars or less. then you move forward, get through the end of the year. you save some spending issues and what not until next year but you sort of avoid the fiscal cliff in the short term and eric cantor, the house ma authority -- majority leader said this may be the only option because th
boehner to try to avoid the fiscal cliff. ed henry is live at the white house. so tell us a little bit more about plan b. what is it, ed? >> reporter: good to see you, jon. you know the president's position all along you only raise taxes on people making over $250,000. republicans said look, that will end up not just hitting individuals but a lot of small businesses. it will result in them not creating jobs, et cetera. so you hear the speaker saying look, let's have a house vote next...
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speaker, i rise to urge congress to deal with the fiscal cliff. the majority of americans cass their ballots in support of the -- cast their ballots in support of the president and a bald solution to our fiscal challenges, that protects the middle class by asking everyone to pay their fair share. our job is to act. we should extend the middle class tax cuts now while we work on a long-term solution. we must work together because failure would have dire consequences for middle class jobs, the military and crucial programs that help the middle class and the poor. with that, mr. speaker, i will yield back. the speaker pro tempore: the gentleman yields back. for what purpose does the gentlelady from the virgin islands seek recognition? mrs. christensen: to address the house for one minute, mr. speaker, and revise and extend my remarks. the speaker pro tempore: without objection, so ordered. mrs. christensen: thank you, mr. speaker. the election is over. the people of this country have spoken and said loudly and clearly that they want us to work togeth
speaker, i rise to urge congress to deal with the fiscal cliff. the majority of americans cass their ballots in support of the -- cast their ballots in support of the president and a bald solution to our fiscal challenges, that protects the middle class by asking everyone to pay their fair share. our job is to act. we should extend the middle class tax cuts now while we work on a long-term solution. we must work together because failure would have dire consequences for middle class jobs, the...